Ashok Leyland’s electric vehicle arm Switch Mobility will be setting up a new manufacturing and technology centre in Castilla y León, Spain, and invest about €100 million in the region over the next decade, the company said Wednesday.
The hub will have two production manufacturing electric buses and vans and is expected to see the first buses produced in the fourth quarter of 2022, as per a press statement. The manufacturing site will also have the capacity to serve markets outside of Europe including South America.
With a strong automotive supply chain within the region, excellent transport links and a high level of skilled automotive engineers and operatives, Switch has identified Castilla y León as the ideal location for their facility, the press statement further read.
“Supporting our well-established sites in the UK and India, our Spanish facility will provide us with crucial access to the European market,” said Andy Palmer, Executive Vice Chairman and CEO of Switch Mobility.
In a recent interview to ET, Palmer said that the company is looking to invest $150-200 million in the coming three to five years and is raising funds for the same.
Source: Economic Times